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Admiral Markets Review - Established Forex and CFD Broker

Overall Rating

Our Admiral Markets Review - Updated for 2020

Admiral Markets was established in 2001 and is based in the United Kingdom but also has offices in Cyprus, Estonia, and Australia. The broker is amongst the leading brokers in its industry and provides great online trading. The main goal of Admiral Markets has always been to offer “highly-functional software and quality assurance" to their clients.

Admiral Markets is regulated by ASIC, CySEC, and the FCA  which are top leading financial authorizers globally. Admiral Markets offers CFD trading on indexes, energies, shares, stocks, and cryptocurrencies.

liscencecysecadmiral marekts

Over its almost 20-year lifespan, Admiral Markets are proved to be a highly dedicated, reliable broker that is chosen by traders for the fantastic service it offers. The broker offers both MT4 and MT5 as well as it’s own custom-developed plugin called the ‘MT Supreme Edition’ that enhances the performance of both platforms even more. Accounts can be opened in various national currencies and are subsequently converted to base currencies like GBP, EUR, USD, CHF or other applicable currencies.

PROS

Regulated in multiple jurisdictions, has an outstanding reputation among its competitors and management team with over 30+ years’ experience.

Offers a large variety of trading instruments, including CFDs on Stocks, Indices and Commodities as well as Cryptocurrencies.

24/7 customer service support available in 30+ languages.

Offers a variety of tools for education such as training courses, webinars, etc for all trader levels.

Social trading features are available and easy to use.

Very low minimum deposit.

CONS

Inactivity' fee - they occur when an account has been inactive for a period of 6 months.

Margin restrictions as well as leverage caps.

Our Rating

  • Platforms

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  • Tradable Assets

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  • Spreads

    0%
  • Trader Education

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  • Customer Service

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Trading Accounts

Admiral Markets offers five account types for their clients to pick from. Traders are required to choose between using either MT4 or MT5.

For MT4, Admiral Markets offers the following:

Trade.MT4

The minimum deposit for this account type is 100 EUR or the equivalent in one of the broker’s base currencies like EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON. With this account type, you can trade the following instruments:

  • Currencies - 37
  • Cryptocurrency CFDs - 5
  • Metal CFDs - 4
  • Energy CFDs - 3
  • Index Futures CFDs - 3
  • Cash Index CFDs - 16
  • Stock CFDs - 78
  • Bonds CFDs - 2

Leverage on forex for retail clients is 1:30 - 1:20 and for indices, it is 1:20 - 1:10. Spreads start at 0.5 pips and the limit/stop level is 0 pips. For this account type, Admiral Markets only charges commission on single share and ETF CFDs which starts from 0.01 USD per share. No commissions are charged on other instruments. The minimum price increment of a trading instrument for this account type 0.00001. Minimum order size is 0.01 lots, while maximum order size is 100 lots. Maximum open and pending orders are 200. Stop out for retail clients is 50% and negative balance protection is applicable.

Unfortunately, this account type does not offer an Islamic account option for those who follow Sharia law. Hedging and automated trading using EAs (expert advisors) is allowed too.

acounttypes mt4

Zero.MT4

The minimum deposit for this account type is 100 EUR or the equivalent in one of the broker’s base currencies like EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON. With this account type, you can trade the following instruments:

  • Currencies - 45
  • Metal CFDs - 3
  • Cash Index CFDs - 10
  • Energy CFDs - 3

Leverage on forex for retail clients is 1:30 - 1:20 and for indices, it is 1:20 - 1:10. Spreads start at 0.5 pips and the limit/stop level is 0 pips too. For this account type, Admiral Markets charges commission on forex, metals (from 1.8 to 3.0 USD per 1.0 lots), cash indices (from 0.05 to 3.0 USD per 1.0 lots), and energies (1 USD per 1.0 lots).  The minimum price increment of a trading instrument for this account type 0.00001. Minimum order size is 0.01 lots, while maximum order size is 200 lots. Maximum open and pending orders are 200. Stop out for retail clients is 50% and negative balance protection is applicable. Unfortunately, this account type does not offer an Islamic account option for those who follow Sharia law. Hedging and automated trading using EAs (expert advisors) is allowed too.

 

For MT5, the Admiral Markets offers the following accounts:

accounttypesmt5

Trade.MT5

The minimum deposit for this account type is 100 EUR or the equivalent in one of the broker’s base currencies like EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON. With this account type, you can trade the following instruments:

  • Currencies - 40
  • Cryptocurrency CFDs - 32
  • Metal CFDs - 5
  • Energy CFDs - 3
  • Agriculture CFDs - 7
  • Index Futures CFDs - 24
  • Commodity Futures - 11
  • Cash Index CFDs - 19
  • Stock CFDs - over 3350
  • ETF CFDs - over 300
  • Bonds CFDs - 2

Leverage on forex for retail clients is 1:30 - 1:20 and for indices it is 1:20 - 1:10. Spreads start at 0.5 pips and the limit/stop level is 0 pips. For this account type, Admiral Markets only charge commission on single share and ETF CFDs which start from 0.01 USD per share. No commissions are charged on other instruments. The minimum price increment of a trading instrument for this account type 0.00001. Minimum order size is 0.01 lots, while maximum order size is 100 lots. Maximum open and pending orders are 200. And stop out for retail clients is 50% and negative balance protection is applicable. An Islamic account option is available for those who follow Sharia law. Hedging and automated trading using EAs (expert advisors) is allowed too.

Invest.MT5

The minimum deposit for this account type is 1 EUR or the equivalent in one of the broker’s base currencies like EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON. With this account type, you can trade the following instruments:

  • Stocks - over 4350
  • ETFs - over 200

There is no leverage available for this account type. Spreads start at 0 pips and the limit/stop level is 0 pips. For this account type, Admiral Markets only charge commission on stocks and ETFs - from 0.02 USD per share. No commissions are charged on other instruments. There is no minimum price increment and no minimum or maximum order size. Maximum open and pending orders are 500. There is no stop out for retail clients nor any negative balance protection. Unfortunately, this account type does not offer an Islamic account option for those who follow Sharia law. Hedging and automated trading using EAs (expert advisors) is not permitted.

Zero.MT5

The minimum deposit for this account type is 100 EUR or the equivalent in one of the broker’s base currencies like EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON. With this account type, you can trade the following instruments:

  • Currencies - 45
  • Metal CFDs - 3
  • Cash Index CFDs - 10
  • Energy CFDs – 3

Leverage on forex for retail clients is 1:30 - 1:20 and for indices, it is 1:20 - 1:10. Spreads start at 0 pips and the limit/stop level is 0 pips too. For this account type, Admiral Markets only charges commission on stocks and ETFs which start from 0.01 USD per share. Commissions are charged on forex & metals (from 1.8 to 3.0 USD per 1.0 lots), cash indices (from 0.05 to 3.0 USD per 1.0 lots), and energies (1 USD per 1.0 lots). The minimum price increment of a trading instrument for this account type 0.00001. Minimum order size is 0.01 lots, while maximum order size is 200 lots. Maximum open and pending orders are 500. Stop out for retail clients is 50% and negative balance protection is applicable. An Islamic account option is not available.

Professional Accounts

Traders can opt to choose a professional account via Admiral Markets. In order to be eligible for a professional account, traders must fulfill the following criteria:

  • The trader executed 10 transactions of a significant size per quarter in the last year in relevant markets.
  • The trader’s portfolio of financial instruments exceeds 500,000 EUR.
  • The trader has worked in the financial sector for at least 1 year in a position that requires knowledge of margin trading.

Professional clients get access to new products and additional services first before they are made available to other clients. Professional clients also have access to higher leverage but lose some protection such as negative balance, for example.

Account Creation

Joining Admiral Markets is a simple process. You will need to register online using common details like your email, name, etc. and then you will need to follow a basic KYC process in order to complete your registration. You will need to submit the following information:

 

  • A valid copy of identification (ID - Passport or government-issued identification card).
  • Proof of residence (such as a utility bill, government-issued letter, etc.) which is not older than 3 months old and contains your full residential address.
  • Client agreement - automatically generated via your Traders Room once an application for a live account has been completed.

Legal entities will need to submit the following documents:

  • Passport or government-issued ID card of at least two company directors
  • Passport or ID Card of the company’s beneficiary owner(s) who holds 25% or more shares in the company. If there is no beneficiary owner, then compliance will accept a passport or ID card from anyone holding over 10% shares in the company.
  • Proof of address for EACH beneficiary owner/director, not older than 3 months.
  • Certificate of Incorporation/Registration
  • A memorandum.
  • Articles of Association, etc. registered with all the changes, additions and confirmations of the appointment of the person(s) entitled to act on behalf of the legal entity Commercial registry OR latest Shareholders register (documents confirming the ownership structure of the legal entity, which must also include personal details of all ultimate beneficial owners.) (If the company is outside of the EU a Certificate of incumbency can be used).

Trading Conditions and Clients' Fund Protection

Admiral Markets processes fund withdrawals on the same business day provided the request for a withdrawal of funds has reached the broker before 17:00. Requests received after 17:00 on business days or on weekends, national and bank holidays will be processed on the next business day. Similarly, deposits are processed within one business day. The broker does not accept deposits to the client’s trading account from any third party.

Deposit fees vary based on the method you choose:

  • Bank transfers are free unless of course, the bank applies their own fee. There is no minimum or maximum deposit amount. Bank transfers need up to 3 business days to get processed. There are various base currencies available like EUR / USD / AUD / BGN / CHF / CZK / GBP / HRK / HUF / NOK / PLN / RON / RUB / SEK.
  • Klarna (Swedish bank) is also commission-free. The minimum deposit is 50 EUR/GBP while the maximum is 10,000 EUR/5,000 GBP. Deposits are done instantly. Base currencies available in EUR and GBP.
  • Visa/MasterCard deposits are free too. The minimum deposit is 50 EUR / USD / GBP / CHF / 200 PLN / 15,000 HUF / 100 BGN / 1,250 CZK / 370 HRK / 450 NOK / 240 RON / 500 SEK / 75 AUD / 80 SGD, 5,000 EUR / USD / GBP / CHF / 20,000 PLN / 1,500,000 HUF / 10,000 BGN / 125,000 CZK / 37,000 HRK / 45,000 NOK / 24,000 RON / 50,000 SEK / 7,500 AUD / 8,000 SGD. Maximum deposit is 5,000 EUR / USD / GBP / CHF / 20,000 PLN / 1,500 000 HUF / 10,000 BGN / 125,000 CZK / 37,000 HRK / 45,000 NOK / 24,000 RON / 50,000 SEK / 7,500 AUD / 8,000 SGD. Processing is instantaneous.
  • PayPal deposits are free too. The minimum deposit is 50 EUR / USD / GBP / CHF / 200 PLN / 15,000 HUF / 1 250 CZK / 500 SEK / 75 AUD / 80 SGD. Maximum deposit is 5,000 EUR / USD / GBP / CHF / 20,000 PLN / 1,500,000 HUF / 125,000 CZK/ 50,000 SEK / 7 ,500 AUD / 8,000 SGD. Processing is instantaneous.
  • Skrill deposits charge 0.9% and the minimum is 1 EUR / GBP / USD / CHF / PLN / CZK / HUF / BGN / RON / HRK. The minimum deposit amount is 50 EUR / GBP / USD / CHF / 200 PLN / 1 250 CZK / 15 000 HUF / 100 BGN / 240 RON / 370 HRK, while the maximum is 10,000 EUR / GBP / USD / CHF / 40,000 PLN / 250,000 CZK / 3,000,000 HUF / 20,000 BGN / 48,000 RON / 74,000 HRK. Processing is instantaneous.
  • Neteller deposits charge 0.9% and the minimum is 1 EUR / GBP. The minimum deposit is 50 EUR / GBP and the maximum is 10,000 EUR / GBP. Processing is instantaneous.
  • SafetyPay deposits are free. The minimum deposit is 50 USD / 45,000 CLP and the maximum is 5,000 USD / 4,500,000 CLP. Processing is up to 1 business day.
  • Przelewy deposits are free. The minimum deposit is 50 PLN and the maximum is 30,000 PLN. Processing is up to 1 business day.
  • iBank&BankLink deposits are free. The minimum deposit is 10 EUR, while the maximum is 5,000 EUR. Processing is instantaneous.
  • iDeal deposits are free. The minimum deposit is 50 EUR, while the maximum 10,000 EUR. Processing is up to 1 business day.

Withdrawal fees vary based on the method you choose:

  • Bank transfers allow you two free withdrawals per month unless of course, the bank applies their own fee. There is no minimum or maximum amount. Bank transfers need up to 3 business days to get processed. There are various base currencies available like EUR / USD / AUD / BGN / CHF / CZK / GBP / HRK / HUF / NOK / PLN / RON / RUB / SEK.
  • PayPal allows you two free withdrawals per month. The minimum deposit 1 EUR / USD / GBP / CHF / 4 PLN / 300 HUF / 125 CZK / 10 SEK / 1 AUD / 1 SGD. The maximum deposit is 10,000 EUR / USD / GBP / CHF / 40,000 PLN / 30,000,000 HUF / 250,000 CZK/ 100,000 SEK / 15,000 AUD / 16,000 SGD. Processing is instantaneous.
  • Skrill allows you two free withdrawals per month. The minimum deposit amount is 1 EUR / GBP / USD / CHF / PLN / CZK / HUF / BGN / RON / HRK. EUR / GBP / USD / CHF / 200 PLN / 1 250 CZK / 15 000 HUF / 100 BGN / 240 RON / 370 HRK, while the maximum is 10,000 EUR / GBP / USD / CHF / 40,000 PLN / 250,000 CZK / 3,000,000 HUF / 20,000 BGN / 48,000 RON / 74,000 HRK. Processing is instantaneous.
  • Neteller allows you two free withdrawals per month. The minimum is 1 EUR / GBP. and the maximum is 10,000 EUR / GBP. Processing is instantaneous.

Admiral Markets charges and inactivity fee of 10 EUR per month. Trading may entail additional fees, which are related to rollovers (e.g. swaps or interest fees) for positions on any instruments held overnight and credit/debit of dividend adjustments for positions on stock CFDs and index CFDs.

Any trades that are left open for over three days are charged an administration or a ‘swap’ depending on the account type you choose.

Leverage for retail clients is:

Major currency pairs (EUR/USD, GBP/USD, USD/JPY, USD/CHF, and USD/CAD): 1:30

Major cross rates (CAD/JPY, EUR/CAD, EUR/GBP, EUR/JPY, GBP/CAD, GBP/JPY, CAD/CHF, EUR/CHF, GBP/CHF, CHF/JPY): 1:20

All other currency pairs: 1:20

Commodities (GOLD, XAUAUD-ECN): 1:20

Indices (DAX30, DJI30, SP500, NQ100, JP225, ASX200, STOXX50, FTSE100, CAC40 and respective future CFDs): 1:20

All other index and commodity CFDs (WTI, SILVER, [IBEX35]): 1:10

CFDs on stocks, ETFs and bonds (#AAPL, #QQQ, #Bund): 1:5

Cryptocurrency CFDs (BTC/USD, ETH/USD): 1:2

Fees

In terms of spreads, Admiral Markets has variable spreads. For example, a typical spread for the EUR/USD pair is 0.6 pips. For minor pairs, such as the AUD/USD for example, the typical spread is 1.0

Commodities have spreads like 0.25 for Gold, 0.05 WTI. Indices like DJI30 have typical spreads like 1.0, while DAX30’s typical spread is 0.8.

The broker offers shares from the US, UK, and EU. For example, Apple’s typical spread is 9.0 pips, Google’s is 70 pips, BMW’s is 27 pips and HSBC’s is 21 pips.

In terms of cryptos, the broker offers 0.5 pips on the typical spread of BTC/USD.

Regulators

Admiral Markets is licensed and authorized by three regulators: AISC, CySEC, and the FCA.

Financial Conduct Authority (FCA):  FRN: 595450. The broker is authorized to hold Client Money under the FCA CASS rules.

Cyprus Securities and Exchange Commission (CySEC): license number 201/13.

The broker abides by regulations established by MiFID II. According to Admiral Markets, “ MiFID II regulates the markets of financial instruments for provision of investment services and activities within the European Union and European Economic Area (EEA). The main objective of MiFID II is to harmonize the governing of financial markets and to increase efficiency, enhance financial transparency, increase competition, and offer greater consumer protection in investment services. Under MiFID, an investment firm may freely provide its services within the territory of another member state or a third country, provided that such services are covered by the investment firm’s authorisation. An authorised company fully complies with Europe-wide requirements of transparency and good conduct and therefore is allowed to provide cross-border services. Admiral Markets UK Ltd, Admiral Markets AS, and Admiral Markets Cyprus Ltd fully comply with the applicable requirements from MiFID II.”

Due to the broker being authorised by the FCA, it must comply with some strict regulations like keeping client money in segregated accounts from company funds. This means that should Admiral Markets go bankrupt, client funds will not be used to pay back creditors. The broker is obligated to file individual Client Money Asset Returns (CMAR) on a monthly basis with its regulator.

In addition to this, clients are protected by the Financial Services Compensation Scheme (FSCS) that will pay a compensation of up to £85,000, should the firm cease trading and have a deficit in their segregated client money. The broker also follows deposit guarantee schemes (DGS) that reimburse clients in case the trader’s bank failed. In accordance with EU law, these kinds of schemes protect deposits up to €100,000.

Trading Platforms and Financial Instruments

Admiral Markets offers third-party platforms created by the fintech company MetaQuotes. The broker offers both the MT4 (MetaTrader 4) and MT5 (MetaTrader 5).

MT4

MetaTrader 4 is a Forex and CFD trading platform that is extremely popular amongst traders around the world. used for trading and analyzing the financial markets. MT4 offers traders access to advanced trading operations in a fast, secure, and reliable environment. The benefits of the platform are:

  • Easy-to-use
  • Versatility
  • Safe
  • Quick
  • Supports multiple languages
  • Progressive charting capabilities
  • Automated trading through EAs (Expert Advisors) is available.
  • Highly customizable

MT4 is an extremely stable platform known for its stability and history of high performance. It offers superior level trading that is convenient for practically any type of trader.  The platform offers over 50 built-in indicators, oscillators, and tools for determining volumes. MT4 uses EAs also known as Expert Advisors that are built using the MQL programming language There are four types of orders available:

  • Buy Limit
  • Sell Limit
  • Buy Stop
  • Sell Stop

The platform is available on most operating systems such as Microsoft Windows, macOS, Linux, etc. The platform is also available for mobile trading on Android and iOS.

MT5

MetaTrader 5 is the top multi-asset platform that is adored by traders and investors from around the world for trading Forex, CFDs, exchange-traded instruments, and futures. The platform offers advanced charting, trading tools, and automated trading. The benefits of the platform are:

  • Additional markets versus MT4
  • Level II pricing
  • Trading bots
  • VPS support
  • User-friendly
  • Advanced charting farcicalities’
  • Market updates and data available
  • Educational resources for traders.

MT5 is available on most operating systems such as Microsoft Windows, macOS, Linux, etc. The platform is also available for mobile trading on Android and iOS. MT5 is also available through WebTrader.

Admiral Markets also created a custom plug-in for its MetaTrader platforms called the MT4/MT5 Supreme addition. The plug-in offers 1-Click-Trading, integrated correlation matrix, and market sentiment as well as alternative types of orders. This edition has over 50 additional features that help improve analysis and trading.  Here are some of the features that the platform offers, according to Admiral Markets:

  • Global Opinion shows the sentiment of worldwide traders for financial instruments.
  • The Mini Terminal is a management tool that allows clients to open and manage trading positions.
  • The Trade Terminal is an efficient way for clients to manage all of their accounts and orders.
  • The Tick Chart Trader gives clients the ability to see the price move from up close and allows for trading directly from the tick chart, exporting data, and using different chart types.
  • Stay connected with real-time news directly within the MetaTrader platform.
  • The Indicator Package features a large collection of valuable indicators designed to help improve trading.
  • The Trading Simulator gives clients the ability to test their strategies.
  • The Mini Chart allows them to see multiple time frames and chart types in one chart.

Educational Tools

Admiral Markets has worked extensively to offer its clients top-notch educational resources that suit traders of any level. The broker offers the following materials to enhance their traders’ knowledge and skills:

  • Beginner articles: Six detailed articles to help new traders get a better understanding of how forex trading works and how to use MT4/MT5 platforms.
  • Tutorials: Rich education section that contains trading tips, psychological tricks, currency market analysis strategies and more on a wide range of topics involving financial trading.
  • Online course: In-depth courses dubbed ‘Zero to Hero’ that were designed to help new traders dive into the world of forex trading.
  • Webinars: Admiral Markets offers live trading webinars available online that are conducted by their in-house trading experts.
  • FAQ: A detailed‘ Frequently Asked Questions’ section that answers all traders’ questions on financial trading and services offered by Admiral Markets.
  • Trader’s Glossary: A detailed ‘forex dictionary’ that contains important financial and trading terminology.
  • Ebooks: Admiral Market’s founder, Alexander Tsikhilov, published an eBook called ‘Blockchain Basics’ that’s available for downloading on the broker’s site.
  • Videos: Admiral Markets has a regularly updated YouTube channel where it publishes webinars on trading strategies like scalping, day trading, hedging, Fibonacci trading, etc., educational videos on instruments like Forex, gold, DAX Bitcoin, indicators like the RSI, Bollinger bands, and moving averages and trading tutorials, including how to use MT4 and MT5 and how to set up a trading account.
  • Premium analytics: A free portal that contains market news, technical analysis, economic calendar, and global sentiment indicators gathered from leading financial firms – Dow Jones, Trading Central, and Acuity.
  • Trader’s Blog: A regular blog posted by the broker’s in-house content team that contains articles on the latest happenings in the financial and political world.
  • Technical Analysis from Trading Central.
  • Market Heat Map: A “market radar” that allows traders to track price fluctuations and daily trading intelligence.
  • Market Sentiment: Market widgets that allow traders to track the correlation between long and short positions held by other traders. These are also known as "bull and bear" signals, that help traders gather insight into the market mood.
  • Weekly Trading Podcast: Admiral Markets records an informative trading podcast that’s published every Monday.

 

Customer Support

Customer support at Admiral Markets is great. Aside from being multilingual, the support team is easily accessible via email, live chat, and telephone. Support is available on 24/5.

The broker also offers remote support, where a support agent can connect to your computer remotely. This is extra helpful when you need quick assistance.

 

Email: [email protected]

Phone

Client Queries: +442035041364

Trading Desk: +372 6309 306

Address: Admiral Markets UK Ltd.

16 St Clare Street, London, EC3N 1LQ

United Kingdom

Final Thoughts

Admiral Markets is an extremely reliable, well-established global firm that offers over 4000 financial instruments for trading via CFDs. It is licensed and authorized by three of the most reputable regulators in the world: FCA, ASIC, and CySEC. All three oblige brokers to comply with stringent client fund protection regulations.

Admiral Markets has received over 40 international awards for its excellent service as an online broker. The broker is definitely worth considering whether you are a new or seasoned trader who is looking to succeed in the world of FX trading.

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